Let us discuss your next business investment in commercial real estate. Our Business Brokers cover Daytona Beach commercial real estate throughout Volusia county covering Daytona Beach, Daytona Beach Shores, Wilbur-by-the-Sea, Ponce Inlet, Ormond Beach, Ormond by the Sea and New Smyrna Beach. From Restaurants to Convenience stores to Bars to Motels and Hotels, we have everything you need.
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Investment Opportunity in New Smyrna BeachNew Smyrna Chevrolet investment opportunity at 1919 North Dixie Freeway in New Smyrna Beach, FL. The largest dealership in the “New Smyrna Auto Mile,” New Smyrna Chevrolet also boasts the trade area’s most modern facility. This is a unique opportunity to acquire a well located property with a NNN lease to the Sonic Automotive Group (NYSE: SAH). The acquisition offers investors a committed tenant and predictable rent with scheduled escalations. INVESTMENT HIGHLIGHTS Purchase Price: $13,250,000 Cap rate: ±7.75% NOI: ±$1,026,000 Approx. Building Size: Approx. 75,000 sq. ft. Approx. Lot Size: 6.56 acres Year Built: 1998 Tenant: Sonic Automotive Subtenant: New Smyrna Chevrolet Lease Commence Date: August 13, 1999 Lease Expiration Date: July 31, 2015 Zoning: B-3, Highway Service Business • NNN lease• Significant rent escalation in 2009 and 2014• service centers, retail and restaurants Prime US-1 location surrounded by auto dealerships,• ±900 feet of frontage on busy US-1• Sonic Automotive, Inc. (NYSE: SAH) is a Fortune 300 company based in Charlotte, North Carolina, and is one of the largest automotive retailers in the United States. The company was founded by NASCAR track owner Bruton Smith. Sonic Automotive operates in 15 states with 176 dealerships and represent 35 different brands of automobiles. These dealerships provide numerous services including sales of new and used cars, sales of replacement parts, vehicle maintenance, warranty, paint and collision repair services, and arrangement of extended warranty contracts, financing, and insurance for the company's customers. Sonic's annual revenue is roughly $8 billion. Daily traffic count: 29,000 |
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| MLS #509518 | Ormond Beach Commercial/industrial For Sale | Confidential Ormond Beach, FL 32176 | |||||||
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| MLS #466967 | Holly Hill Commercial/industrial For Sale | 831 Ridgewood Avenue Holly Hill, FL 32117 | |||||||
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